NJ S3594

Qualifying food and beverage establishments in New Jersey may deduct from their sales tax remittances the taxes collected on up to $70,000 in taxable sales per eligible business location during each month of a four-month relief period.

Eligible establishments include restaurants (excluding fast-food), alcoholic beverage establishments (breweries, distilleries, wineries, brew pubs), and mobile food services (food trucks and carts).

Sellers may claim the deduction for no more than five business locations; those operating both a restaurant and mobile food service may claim for up to five locations plus up to five vehicles or carts.

The four-month relief period begins on the first day of the second month following enactment and ends on the last day of the fifth month following enactment.

The act expires on the 21st day of the eighth month following enactment, and the Division of Taxation must adopt implementing regulations within 30 days of the effective date.